National Scheduled Castes Finance Development Corpn

(NSFDC)

1. Introduction

Following bifurcation of the NSFDC, the existing National Scheduled Castes Finance & Development Corporation is functioning exclusively for the development of the Scheduled Castes with effect from 10th April, 2001. NSFDC is registered under Section-25 (a company not for profit) of the Companies Act, 1956. It is a fully owned Government of India undertaking under the Ministry of Social Justice & Empowerment. NSFDC is the apex organisation to finance income generating ventures of SCs and to provide grant for skill development programs through State Channelising Agencies ( SCAs). The NSFDC have various schemes / loan lending programmes such as Term Loan,Seed Capital Loan, Bridge Loan, Working Capital Loan, Micro Credit Finance Scheme, Mahila Samridihi Yojana etc. to BPL families as well as APL families.

2. WHO ARE ELIGIBLE ?

I. The beneficiary should be from Scheduled Caste community.

II. Annual family income of the beneficiary should not exceed double the poverty line income limit.(Not for all the schemes.)

III. Partnership firms/cooperative societies/any other form of legal association are eligible to undertake income generating activities subject to the following :

a) All the members should belong to SC community.

b) Annual family income of each member/applicant should not exceed double the poverty line income limit.